Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
I'm calling the top for the Sydney and Melbourne market.
Not long ago I thought they might both have a little more left to go, but Im not so sure anymore.
There may still be a few pockets here and there that will see some gains, and others that may hold up pretty well for a while, remembering we are still at record lows and not looking to go anywhere in a hurry, but from here I except things to top out, flatten out ,and expect many areas of both Sydney and Melbourne will start to decline next year.
I expect the most resilient market over the next few years will be Brisbane, and maybe Hobart for the silver. Never thought I'd ever myself saying those things before.
An eg of the level I am at & the type of property that gets my serious attention... I enjoy this stuff over the yrs.
An old house that's already had some Reno, still income producing with the rent & has much uses in its zoning future & also consider its location & what's happening with the surrounding infrastructure.
R20/40... There's choices
Real estate .com 89 Gladstone Rd Rivervale... 118003187.
@veritas..
There's stuff that goes on in the suburbs out there, very much varied in the types of housing options.... Don't underestimate those NOR burbs that has some serious planning by local councils organized. Really study & take the time what is the local council doing exactly... For what ever location you may be checking out.
Blondie girl
12 Oct 2014, 12:37 PM
An eg of the level I am at & the type of property that gets my serious attention... I enjoy this stuff over the yrs.
An old house that's already had some Reno, still income producing with the rent & has much uses in its zoning future & also consider its location & what's happening with the surrounding infrastructure.
R20/40... There's choices
Real estate .com 89 Gladstone Rd Rivervale... 118003187.
@veritas..
There's stuff that goes on in the suburbs out there, very much varied in the types of housing options.... Don't underestimate those NOR burbs that has some serious planning by local councils organized. Really study & take the time what is the local council doing exactly... For what ever location you may be checking out.
Understand the agents word pun, what they promote , can inadvertently be a negative...depends what you're looking for.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
You could hardly rebuild for that- is there anything wrong with it ? It is a bit of a decorator disaster and needs new kitchen and bathrooms. On the house estimates $512-$578k so it looks like they were asking too much for it.
Number 9 sold for $330k in 2013, No 22 sold for$365K in Aug 2013 and Number 15 same street sold for $295K in 2011. Prices are from link below,( don't know how reliable it is)
Still it looks to me like there is good buying in Warnbro, but that house is priced a good bit above recent sales in the street.
Blondie girl
12 Oct 2014, 12:37 PM
Real estate .com 89 Gladstone Rd Rivervale... 118003187.
Sold in a couple of weeks.
IMHO, Rivervale is a pretty good bet at the moment, with all the development, there is some seriously upmarket stuff coming down the line for that area next to the river. The area will be transformed, new railway station, pedestrian/ bike bridge to the city, new retail and boutique hotels and off course the Stadium.
doubleview
12 Oct 2014, 08:39 AM
Things arent going to plan for the bulls over in the desert!
Ha ha it is the bears who are still waiting around bemoaning the economy as their crash dreams are pushing up the daisies.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You could hardly rebuild for that- is there anything wrong with it ? It is a bit of a decorator disaster and needs new kitchen and bathrooms. On the house estimates $512-$578k so it looks like they were asking too much for it.
Number 9 sold for $330k in 2013, No 22 sold for$365K in Aug 2013 and Number 15 same street sold for $295K in 2011. Prices are from link below,( don't know how reliable it is)
It is a quality house finished to a very high standard but 580k was too much and imo 550k is still too much. If it were 200 metres closer to the beach it would fetch 600k no problem.
I would estimate the other houses you mention in the same street to be in the low 400k area.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
I'm calling the top for the Sydney and Melbourne market.
Not long ago I thought they might both have a little more left to go, but Im not so sure anymore.
There may still be a few pockets here and there that will see some gains, and others that may hold up pretty well for a while, remembering we are still at record lows and not looking to go anywhere in a hurry, but from here I except things to top out, flatten out ,and expect many areas of both Sydney and Melbourne will start to decline next year.
I expect the most resilient market over the next few years will be Brisbane, and maybe Hobart for the silver. Never thought I'd ever myself saying those things before.
Whataya think ?
Today's melbourne is a funny one, and I reckon you might be right with it topping out overall. For some reason the ripple/wave effect has taken a while this time round. Many parts of the middle ring appear to be doing extremely well vs 12 months ago.
The planners have released a shit ton of land in certain areas which could make things interesting though IMO.
Personally, I wish I bought property in 1998 instead of a bunch of cars - which did nothing but get me laid and use far too much petrol
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